What should you look at to determine if you’re getting a good deal on solar? There are lots of things to pay attention to when deciding on a solar energy system; but two of the most useful metrics for evaluating the cost and value of a solar power offer are price per watt, measured in dollars per watt of energy ($/W), and ‘levelized cost of energy’ (LCOE).
If you’re a business owner, the concept of “solar panels for businesses” might seem like a risky move in a complex and confusing market. You may have heard about major Fortune 500 companies going solar, but thought that it might not be feasible for your organization. Maybe you’re considering installing solar panels at some point in the distant future, when your organization can afford to make a major investment in something that seems like an environmental “good” rather than a strategic financial decision.
The Megawatt Block Incentive Structure (Megawatt Block) is one of New York’s most important solar incentives. The program provides strong subsidies for both commercial and residential rooftop solar energy systems. The size of your subsidy depends on how big the solar energy system you install is, and how much solar energy is already being produced in your area. You also don’t need to take any action to claim the benefit if you use a state certified installer.
In total, the various solar incentives available in New York State could reduce the cost of going solar by more than 50%. So why not start shopping for solar today? EnergySage’s New York Solar Marketplace is a great place to start comparing your options.
Solar loans are gaining popularity as a solar financing option across the country. Because of the superior savings and similar benefits that solar loans promise, some industry analysts now predict that they will overtake third party-owned (TPO) solar leases and power purchase agreements (PPAs) as the dominant option for solar financing in the USA within a few years.
A new report from the National Renewable Energy Laboratory (NREL) examines this phenomenon and sheds more light on the possible advantages of financing your solar system with a loan as opposed to TPO solar lease / PPA.
The most important conclusion of the report is this: While going solar with either of these options is likely save you money on your electricity bills, financing your system with a solar loan could save you up to 30% more than if you go solar with a solar lease or PPA. Continue reading
Third party solar leases have proven themselves incredibly popular in recent years, playing a key role in propelling rooftop solar panels into the mainstream. Depending on the state, anywhere from 50%-90% of rooftop solar installations were financed by solar leasing or PPA at the beginning of 2014, according to the SEIA. You could say that solar leases have revolutionized the US solar industry.
But are solar leases always a good idea? These financial mechanisms are still relatively new and you, as a smart solar shopper, should approach them with a healthy dose of caution and a discriminating eye. This point has been highlighted in the recent efforts of a number of Congresspeople to shine a brighter light on how solar leasing is pitched to consumers – both for the sake of those in the market for a system as well as for the solar industry itself. Continue reading
In the past, we’ve written about solar beginning to reach the MLB and the NFL. But since then, more and more professional sports teams are realizing the amazing power of solar energy. In an effort to both reduce their carbon footprint and save money, sports teams across the country are allowing solar power systems to take over their stadiums.
There are so many reasons why going solar is a great idea for anyone from the owner of a large stadium to the owner of a modest residential home. We are optimistic that in the near future every professional sports stadium in the country will be powered by clean, renewable solar energy. Right now, sports fans can follow in the footsteps of their favorite team and go solar themselves! The first step is getting an instant estimate of your property’s solar potential.
Solar loans are bridging the gap between purchasing your solar panel system with cash and using a lease or PPA. Like a purchase, a solar loan allows you to own your system and reap the many financial benefits tied to ownership. Like a lease or PPA, it will allow you to go solar with no money down. Today, a host of banks, credit unions and specialty finance companies have emerged presenting a wide range of solar loans. Continue reading
Sustainability is becoming more and more important, not just to organizations whose missions are focused on it, but also to corporations, non-profits, cities and towns that increasingly feel a social responsibility to embrace it in their own operations.
All of this is great news, but what’s even better news is that sustainability isn’t just part of how they operate; it’s becoming part of their culture. More and more organizations are looking beyond their own operations to offer their employees, residents, ratepayers or members turn-key solutions for adopting sustainable practices in their homes or businesses.
This includes helping them to adopt solar panel systems and other clean and high efficiency energy systems. And, as always, EnergySage is there to help make shopping for solar photovoltaic systems as easy as possible. Continue reading
Research shows that consumers are 24% more likely to implement clean energy systems and efficiency upgrades after seeing them themselves, but schedules being what they are, visiting in person isn’t always possible. Your EnergySage case study, however, is available for review 24 / 7 / 365 allowing people to access valuable data about your real-life experiences living with these systems. Continue reading
Today, consumers use websites such as Amazon and Expedia that make it easy to get the information needed to comparison shop for almost anything, ensuring that they always get the best deal for the best quality products.
To effectively shop for solar panel systems, consumers should apply the same principles. To get the solar PV system, price and financing option that perfectly suits your needs, EnergySage recommends securing multiple quotes from a range of installers.
Even if you’ve already gotten a quote, you still should get some additional quotes so that you will have multiple options from which to choose. Having more options will allow you to base your purchase decision on the criteria that matter most to you. Additionally, more quotes also means more competition which is always better for consumers. Continue reading